Rubber and fuel company TPC Group Inc. has come to a deal to be acquired by two separate investment firms, taking it private. For the two firms, First Reserve Corp. and SK Capital Partners, the deal is worth close to $627 million. The agreement sees the two investment firms paying $40 a share to stockholders, a 1% premium over Friday’s close price. The deal has not been approved yet, with only 22% of shareholders giving it the OK as of right now. According to Bloomberg, TPC plans a special meeting to seek the approval of its remaining shareholders.
